ZCI
ZAKK
ZCI - Zambia Copper Investments Limited - Shareholder Update
Zambia Copper Investments Limited
(Registered in Bermuda)
JSE code: ZCI
ISIN: BMG988431240
("ZCI" or "the Company")
SHAREHOLDER UPDATE
In terms of the provisions of the JSE Listings Requirements, the completion of
the sale of ZCI`s 28.4% of Konkola Copper Mines plc shares to Vedanta Resources
plc for the amount of USD 213.15 million resulted in the change of
classification of ZCI by the JSE to a Cash Shell or Cash Company. The effect of
such reclassification is that the Company has a six month period to enter into
an agreement and make an announcement relating to the acquisition of viable
assets, failing which the listing will be suspended.
The Directors are in the process of preparing a shareholder circular containing
details of the various proposals and options available to the Company ("the
proposals"), in order that a decision can be taken by the shareholders on the
future direction of ZCI. The proposals will be presented to shareholders at a
special general meeting which will take place directly after the Company`s
Annual General Meeting, which will be held at Hotel Novotel, 35 rue du
Laboratoire, Luxembourg, on Wednesday 24 September 2008 at 11h00.
The circular, containing the proposals and proposed resolutions and form of
proxy will be posted to shareholders well in advance of the meeting and at the
same time an announcement will be made setting out the proposals.
Bermuda
8 August 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/08/2008 15:27:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
